XML 57 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
American Independence Corp. and Subsidiaries - Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,325 $ 2,351
Adjustments to reconcile net income to net change in cash from operating activities:    
Net realized investment gains (283) (927)
Amortization and depreciation 862 912
Equity (income) loss (54) (244)
Deferred tax expense 644 999
Non-cash stock compensation expense 27 17
Amortization of bond premiums and discounts 254 346
Change in operating assets and liabilities:    
Change in trading securities (437) 62
Change in policy benefits and claims (2,249) 9,225
Change in net amounts due from and to reinsurers 772 (777)
Change in accrued fee income (606) 663
Change in claims fund (115) (90)
Change in commissions payable 183 1,508
Change in premiums receivable 1,059 (6,880)
Change in income taxes (8) 3
Change in other assets and other liabilities 587 2,736
Net cash provided by operating activities 1,961 9,904
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net sales of securities under resale and repurchase agreements (1,336) (54)
Sales of and principal repayments on fixed maturities 27,634 23,946
Maturities and other repayments of fixed maturities 2,362 2,436
Purchases of fixed maturities (31,630) (37,522)
Sales of equity securities 1 1,501
Change in loan receivable (72) (438)
Cash paid in acquisitions, net of cash acquired 0 (1,250)
Other investing activities 1,450 (40)
Net cash used by investing activities (1,591) (11,421)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of stock options 33 0
Payment of contingent liability on acquisitions 0 (342)
Dividends paid to non-controlling interest (472) (367)
Repurchase of common stock 0 (1,198)
Net cash provided (used) by financing activities (439) (1,907)
Increase (decrease) in cash and cash equivalents (69) (3,424)
Cash and cash equivalents, beginning of period 4,424 4,576
Cash and cash equivalents, end of period 4,355 1,152
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for income taxes $ 5 $ 33